Star Royalties Ltd. announced the entering into of a non-binding agreement with Sabre Gold Mines Corp. to restructure the Company's existing gold streaming agreement on the Copperstone Gold Mine ("Copperstone"). The proposed restructuring will revise the Copperstone gold stream from 6.6% of gold produced with production-based step-downs to a flat 4% of gold produced for the duration of Copperstone's life-of-mine ("LOM") and additional consideration of CAD 4.55 million being paid by Sabre Gold to Star Royalties in a combination of cash and shares.

Under the terms of the streaming agreement, Star Royalties will continue to provide a cash payment to Sabre Gold equal to 25% of the spot gold price for each ounce of gold delivered. Transaction Highlights: Stream revision: The Company's gold stream on Copperstone will be revised from 6. 6% of gold produced (with a step-down to 2.2% after 14,000 gold ounces have been delivered under the stream, and a further step-down to 0.8% after 18,133 gold ounces have been delivered) to 4% of gold produced LOM. This proposed gold stream structure would simplify its overall terms, its expected cash flow profile, and would provide Star Royalties with enhanced exposure to existing resource conversion and future exploration upside at Copperstone.